Kenneth Research recently added a report on the Adhesives and Sealants for Insulated Glass Market which provides an in-depth analysis of the market scenario based on the market size and the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2022-2031. The European Chemical Industry Council, in one of its statistics, stated that Europe is the second-largest producer of chemicals globally and is further predicted to observe a significant growth in the coming years.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical/Energy industries, creating a huge demand for products.
Get a Sample Copy of this Report with Graphs and Charts: https://www.kennethresearch.com/sample-request-10166353
It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
The global adhesives & sealants for insulated glass market was valued at $5.2 billion in 2018. The extensive growth of global adhesives & sealants for insulated glass market is attributed towards its increased focus upon the development of environment and efficient production time and cost. The increasing acceptance of adhesives & sealants is its ability to increasingly optimize the assembly and manufacturing processes. Moreover, it has been observed that adhesives and sealants are also employed with various robotic equipment’s in order to further enhance the productivity of the organization.
Adhesives are the substances that have the capability of holding together two surfaces in a permanent and strong manner and on the other hand sealant has the capability of attaching two surfaces thereby filling the gaps between the surfaces in order to develop a defensive coating. Adhesive and sealants are mostly used together and are extensively dependent upon the way they are processed and applied.
The widespread recovery activities undertaken in the construction industry is the major factor that is contributing towards the growth of global adhesives & sealants for insulated glass market. There are several buildings or architectural buildings that are constructed with the help of timber that is pasted together which is also considered as a renewable material of building. Additionally, with the help of latest adhesive and sealants technique this method is considered to be the safest and the sustainable method for constructing a house.
Apart from the construction of buildings, adhesives and sealants are extensively adopted in strengthening flooring, ceramic tile, carpet laymen, lamination of countertop, air conditioning and lamination of drywall which is further driving the growth of global adhesives & sealants for insulated glass market.
Adhesives & sealants for insulated glass market forecast 2019 – 2029 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the adhesives & sealants for insulated glass manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Automotive & transportation, building & construction, and others industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
The reports provide the analysis based on product and end user segment. Based on product type, the global adhesives & sealants for insulated glass market is segmented into polysulfide, hot-melt, silicone, polyisobutylene, PVC, epoxy, polyurethane, acrylic, and butyl. Among all these segments, the polyurethane category holds the largest share in the global adhesives & sealants for insulated glass market in 2018. Polyurethane are used in various commercial and consumer products such as automotive interiors, bedding, packaging, and carpet underlay, and can be formed in any shape. Moreover, these products are extensively being utilised in buildings since it acts as an effective insulation material in walls, roofs, air barrier sealant, and windows. Thus, increasing the demand for polyurethane category in the global market.
However, the silicone category is expected to witness fastest growth during the forecast period owing to its large number of benefits such as extensive flexibility, resistance from ultraviolet radiation, heat cold, and moisture resistance. Silicones can be utilised in various forms such as in the form of oils, semi-viscous pastes, liquids, solids, greases, and rubber. Silicones have increased applicability in areas such as aviation, personal care products, energy, construction and architecture, coatings, energy, and electronics. The increasing acceptance and uses of silicone in insulated glasses of adhesives & sealants are thereby escalating the growth of the global adhesives & sealants for insulated glass market.
On the basis of end user, the global adhesives & sealants for insulated glass market is segmented into automotive & transportation, building & construction, and others. Of all, the automotive & transportation category is anticipated to witness fastest growth during the forecast period. Adhesives and sealants are rapidly being used for repairing different components of car. In automotive sector adhesive and sealants are used for repairing plastics, glass, rubbers, metals and wood and fixing cracks in metal casings.
Moreover, increasing demand from customers pertaining to enhanced safety features and impositions of stringent safety regulations are another factor that are driving the demand for global adhesives & sealants for insulated glass market at an extensive rate.
Furthermore, it has been observed that adhesives & sealants for insulated glass are observing significant application in building and construction domain since these components are used for fixing bonds between metal and insulated glass and further help to hide those bonds. Additionally, it has been observed that increasing advancement of construction projects in Asia-Pacific is further contributing towards extensive growth of the global adhesives & sealants for insulated glass market. Moreover, the use of adhesives & sealants for insulated glass thus enhances the life of the building by providing it with the resistance of water corrosion and thermal circumstances.
The largest consumption for adhesives & sealants for insulated glass market is witnessed from Asia-Pacific. It has been observed that the spending on adhesives & sealants for insulated glass in construction domain in China will remain high thereby extending the demand for silicone product in the country. Moreover, increasing disposable income and rapid increase in urban population in the region will aggravate the demand in automotive and construction industry in the region thereby escalating the growth of the adhesives & sealants for insulated glass market.
Moreover, adhesives & sealants for insulated glass market from North America is anticipated to grow at a good rate. The region is expected to witness significant improvements in the transportation sector. The manufacturers of aerospace and automobile sectors are using adhesives & sealants for insulated glass in order to make the bonds invisible thereby driving the growth of the adhesives & sealants for insulated glass market in North America.
The report also offers the insights for the European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.
Request Free Sample Copy :- https://www.kennethresearch.com/sample-request-10166353
The eminent key players in the global adhesives & sealants for insulated glass market are undertaking product expansion and acquisitions in order to improve its product offerings. Some of the players having prominent presence in the global adhesives & sealants for insulated glass market include Wacker Chemie AG, Bostik, Arbo Holdings, Dow Corning, Henkel AG & Co. KGaA, Tremco Commercial Sealants & Waterproofing, Sika AG, Kommerling, GE Sealants & Adhesives, Inc., Huntsman Corp, Avery Dennison, and 3M Company.
Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6
About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
Email : email@example.com
Phone: +1 313 462 0609